Turkey to improve investment climate through structural reforms

ANKARA

Turkey will make structural reforms to improve the investment climate for domestic and international entrepreneurs, the Turkish treasury and finance minister said on Tuesday.

"Turkey's risk premium will be reduced through economic policies that will be implemented in a transparent, predictable, and stable manner," Lutfi Elvan noted during budget discussions in the Grand National Assembly.

The recovery trend in consumption, investment, and exports will boost growth and help the economy grow by 0.3% in 2020.

He added that the country will provide price stability, protect fiscal discipline, increase coordination between monetary and fiscal policies, enhance the investment climate and focus on a production-based income model while generating social and economic transformation programs to reduce the negative effects of the pandemic.

*Writing by Gokhan Ergocun and Aysu Bicer